INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Batelco launches mobile peering service in MENA region

Manama, Bahrain - Batelco, part of the Beyon Group, announces its latest service “Mobile Peering” for members of the platform....
  • The many benefits of this service include enhanced network efficiency and reduced latency by establishing direct connections between mobile providers
  • Exchanging mobile traffic directly with other mobile networks results in a better roaming experience for the mobile operators’ end users

Dubai approves $67bn budget to stimulate economic recovery

Dubai, UAE - Dubai government's general budget for the fiscal cycle of 2024-2026 includes total expenditures of $67.16 billion (AED...
  • A total of 34% of total government expenditures of the 2024 budget goes to the social development sector in the areas of health, education, and scientific research
  • Spending on infrastructure, including roads, tunnels, bridges, transportation, sewage stations, parks, and renewable energy sources accounts for 42% of total spending

Jordan keeps options open in response to Gaza conflict

Amman, Jordan - Jordan has stated that it is considering "all options" in response to what it perceives as Israel's...
  • The kingdom refrained from specifying the measures Jordan might take, but the statement comes after the country recalled its ambassador from Israel
  • In a significant move, Jordan also declared Israel's ambassador persona non grata, effectively preventing his return to Amman

EDGE acquires 52% of ANAVIA

ANAVIA focuses on developing unmanned helicopters.
  • ANAVIA is a Switzerland-based company that specialises in versatile vertical take-off and landing systems of up to 750 kilograms.
  • ANAVIA’s unmanned helicopters can be adapted to EDGE's cross-complementary portfolio of air, land and maritime capabilities.

Saudi Arabia launches second phase of Visiting Investor Visa

RIYADH, SAUDI ARABIA – The Kingdom’s ministry of investment and ministry of foreign affairs launched the second phase of issuing...
  • This service is offered to foreign investors as part of the Kingdom’s efforts to boost investment, consistent with Saudi Vision 2030.
  • The booking platform is affiliated with the Ministry of Investment “Invest Saudi,” through which the application will be processed.

Saudi Coffee Company launches its first model farm in Jazan

Riyadh, Saudi Arabia - Saudi Coffee Company, a wholly owned subsidiary of the Kingdom’s Public Investment Fund, on Sunday announced...
  • The farm is a cornerstone of Saudi Coffee Company’s plans to increase the coffee production capacity from 300 to 2,500 tons annually in 2023
  • Over the next ten years, the Saudi Coffee Company intends to invest nearly SAR 1.2 billion ($320 million) to meet its export goals

Russia to continue voluntary oil export cuts by 300,000 barrels a day until yearend

Moscow, Russia - Russia will continue additional voluntary oil export cuts by 300,000 barrels a day until the end of...
  • Additional cuts are geared to enhance OPEC+ measures to maintain stability and balance on oil markets
  • Russia began to voluntarily cut oil production by 500,000 barrels a day from February’s average back in March

UAE ministry issues guidebooks on Emiratization for employers, employees

DUBAI, UAE - The Ministry of Human Resources and Emiratization (MoHRE) has launched awareness guidebooks for private sector companies and...
  • The awareness guidebook for Emiratis working in the private sector covers 11 topics
  • The awareness guidebook for the private sector companies covers nine topics.

Israel ‘significantly refined’ battle plans against Hamas after talks with US

Tel Aviv, Israel - A senior Biden administration official revealed that Israel has made significant adjustments to its military strategy...
  • The senior official, who spoke on the condition of anonymity, acknowledged that Israel had reworked its initial military plan
  • The senior official asserted that advocating for a ceasefire might not be the most suitable policy for the United States to pursue at this stage

Kuwait City is the Middle East’s most polluted, Baghdad is next

Dubai, UAE - As New Delhi once again topped the list of the world’s most polluted cities, across the Middle...
  • Kuwait City recorded an Air Quality Index (AQI) of 165, surpassing all other Mideast cities
  • New Delhi again topped a real-time list of the world's most polluted cities

‘Gentle giants’: World’s strongest men defy stereotypes

Sacramento, United States -- Eddie Williams is a schoolteacher from Monday to Friday and a wedding singer on weekends. In...

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Despite sanctions, Iran oil exports hit six-year high: report

Tehran, Iran - Iran managed to sell an average of 1.56 million barrels per day during the first quarter of...

Putin talks to Raisi, expresses hope for restraint in Middle East

Moscow, Russia - Russian President Vladimir Putin and his Iranian counterpart, Ebrahim Raisi, discussed the latest escalation in the Middle...

Iran top security body: Response to Israeli aggression based on Article 51 of UN Charter

Iran’s Supreme National Security Council (SNSC) says the Iranian armed forces’ attack on the Israeli regime was carried out based...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iran offers no response to Israeli strike, if US-secures Gaza truce: report

The Damascus airstrike targeted the Iranian consulate, resulting in the death of IRGC commander Mohammad Reza Zahedi and several other...
  • According to a report by Jadeh Iran, Iran has communicated to the United States that it would refrain from retaliating to the airstrike if the US can secure a ceasefire in Gaza
  • The anonymous source cited in the report stated that if the US is successful in calming the situation, it would be seen as a significant achievement for the Biden administration

Red Sea Fund opens applications for production cycle

Riyadh, Saudi Arabia - The prestigious Red Sea Fund has thrown open its doors to filmmakers across Arab and African...
  • From April 6, 2024, directors hailing from Arab and African backgrounds can apply to secure a production grant for their films
  • With a minimum runtime requirement of 60 minutes, filmmakers are encouraged to submit their projects

UAE cements position as a top global investment hub in 2024

UAE ascends to 8th on Kearney's 2024 Foreign Direct Investment Confidence Index, affirming its appeal as a prime investment haven,...
  • The Foreign Direct Investment Confidence Index,, now in its 26th iteration, continues to be an authoritative forecast of global FDI trends
  • The UAE economy has witnessed extraordinary growth across key sectors that have thrived as a direct result of the nation’s diversification policies